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Time limit for calculation of LTCG

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19 May 2023 Respected sir
Please clarify the following
Sale of property was registered in April '23
TDS was (for the whole amount of sale price) made in March'23 and remitted in March itself by the buyer.
1.When to file return for claiming LTCG ?
2.From which date the time limit of 2 years will be calculated ?
Thanks in advance

19 May 2023 When was possession handed over?

22 May 2023 Respected Sir
Possession was handed over after sale deed registration .ie in April '23




22 May 2023 You need to carry forward TDS claim to FY 2023-24 i.e AY 2024-25
Sale transaction date will be date of registration in April, 2023, effective date to claim long term capital gain.

22 May 2023 Respected Sir
Could yo please clarify one more point
i have to make the deposit in capital gain scheme only before filing of income tax return ie before June '24.
Is it correct ?
Thanks in advance

22 May 2023 The time limit for investment u/s. 54EC of the act, is six months from the date of sale, and not from filing relevant return.



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